Nomination of Harold B. Steele To Be a Member of the Farm Credit Administration Board, and Designation as Chairman

The President today announced his intention to nominate Harold B. Steele to be a member of the Farm Credit Administration Board, Farm Credit Administration, for the remainder of the term expiring May 21, 1992. He would succeed Frank W. Naylor, Jr. Upon confirmation he will be designated Chairman.

Mr. Steele is currently a member of the board of directors of the Midwest Financial Group, Inc.; a member of the Illinois Speakers Advisory Committee of the 1992 World's Fair Committee; a member of the board of directors of Illinois Society of Scientific Surveys; and a member of the board of directors of the Agrarian Management Corp. Prior to this, he was chairman of the National Commission on Agricultural Finance, 1987; and was named State chairman of Farmers for the Reelection of James Thompson for Governor in 1986.

Mr. Steele attended the University of Illinois, College of Agriculture, 1940 - 1943. He was a U.S. Army captain, 1943 - 1947. Mr. Steele was born July 8, 1922, in Sublette, IL. He is married, has four children, and resides in Princeton, IL.